Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the schedule) includes the federal and state grant activity of NHA under programs of the federal and state government for the year ended June 30, 2021. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (The uniform guidance) and with the requirements of the California Department of Education issued audit guide. Because the schedule presents only a selected portion of the operations of NHA, it is not intended to, and does not present, the financial position, changes in net assets or cash flows of NHA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.